Trust lawmakers to find creative ways to tuck in funds for their pet projects in their districts or for assistance programs that they can brag about when they go around for meetings and consultations, particularly during the campaign season.
How will the Marcos administration deliver on its BBM projects without leaving behind a Philippines sinking deeper and deeper into debt?
Can the Marcos administration, if at all, bring down the prices of consumer goods without heavy reliance on importation before its term ends in 2028?
Isang araw bago ang briefing, binanggit ni Marcos ang kanyang pagkabahala sa debt-to-GDP ratio ng bansa sa harap ng mga miyembro ng United States-Association of Southeast Asian Nations Business Council.
Iniulat ni Philippine Statistics Authority (PSA) national statistician Claire Dennis Mapa noong Mayo 11 na ang 6.4% GDP growth sa unang quarter ng 2023 ay "ang pinakamababang paglago na nairehistro pagkatapos ng pitong quarters nang magsimulang makabangon ang bansa mula sa pandemic sa ikalawang quarter ng 2021.”
This is at least the second time, by VERA Files Fact Check’s count, that Marcos made an inaccurate claim about the Philippines’ economic standing.
Ipinakikita ng pinakabagong mga statistic mula sa Asian Development Bank (ADB) na sa rehiyon ng Asia-Pacific pa lamang, ang Pilipinas ay nasa ika-siyam na ranggo sa gross domestic product (GDP) growth rate.
Hindi Pilipinas ang may pinakamataas na projected GDP growth sa mga bansa sa Asia. Pang-apat ang ranggo ng bansa sa listahan ng IMF ng 30 emerging at developing economies sa rehiyon, na may projected GDP growth na 6%. Nangunguna ang Palau na may 8.7%, sinundan ng Maldives na may 7.2%.
The Philippines does not have the highest projected GDP growth among Asian countries. It ranks fourth in the IMF’s 30 emerging and developing economies in the region, with a projected GDP growth of 6%. Palau holds the top spot with 8.7%, followed by Maldives with 7.2%.
The figures are referring only to gross borrowings or new debt that the government has incurred.
